Head of IBD Compliance
Level: Vice President
Client: Hong Kong Investment Bank
Location: Hong Kong
Company overview:
The organisation is Asia’s leading capital markets and investment group, connecting global investors to insights, liquidity and capital to drive their investment strategies. Award-winning research, an extensive Asia footprint, direct links to China and highly experienced finance professionals differentiate our innovative products and services in alternative asset management, corporate finance, capital markets, securities and wealth management.
Founded nearly 30 years ago, and headquartered in Hong Kong, the organisation operates from 20 cities across Asia, Australia, the Americas and Europe.
Position overview:
The Head of Investment Banking Compliance has overall responsibility for ensuring the organisation complies with its own internal policies and procedures, and all applicable legal and regulatory requirements, including the Securities & Futures Ordinance, Corporate Finance Adviser Code of Conduct, Listing Rules, Takeover Code and Regulation of Sponsors and Compliance Advisers in Hong Kong and globally. The organisation’s Investment Banking Department covers all aspects of Capital Markets and M&A activities, including primary and secondary equity issuance and Debt Capital Markets activities. The organisation also has capital markets and investment banking advisory activities in London, Sydney, Singapore and India.
The role requires a collaborative, pragmatic, and commercially focused and relationship based approach to compliance management.
The ideal candidate will be:
Focused on achieving results for the Group.
Strategically focused and yet practical and commercially minded.
Able to navigate through diverse cultures, and develop and lead strategies in the face of an increasingly - regulated landscape.
Able to communicate credibly with and influence senior management; employees and regulators.
An independent self-motivated individual who is bright, with good, sound judgment, and mental toughness.
Responsibilities include:
Provide Compliance advice to the organisation’s Investment Banking operations, predominantly in Hong Kong but also globally as the business expands.
Resolve compliance issues (whether in relation to organisations products, businesses or otherwise) in the best interests of the Company and its clients.
Conduct investigations into potential breaches of the organisations policies by staff.
Respond to law enforcement or regulatory requests.
Assist the Head of Compliance to proactively communicate with local regulators regarding the organisations compliance program and other matters as necessary.
Assist in the strategic design and implementation of the Investment Banking Compliance Program for the organisation.
Establish, implement and maintain relevant regulatory compliance policies and procedures applicable to investment banking products, and ensure compliance practices are consistent with group policies.
Coordinate with regional jurisdictions to ensure compliance with relevant legal and regulatory requirements.
Provide training, support and guidance on regulatory and compliance matters to all investment banking staff.
Attend the organisation’s Deal Review Committees.
Deal with local regulators where the organisation’s activities are so supervised as required.
Represent the organisation’s in both internal and external meetings relating to compliance matters and regulatory affairs.
Plan, manage and undertake the organisation’s Group Compliance projects.
Undertaking certain Compliance monitoring of the organisation’s investment banking business.
Requirements:
Relevant tertiary qualifications
5+ years of relevant experience, at least 2 years of which must be within a securities or investment banking business or regulator.
Sound knowledge of Hong Kong and global investment banking related regulations and company legislation.
Strong communication and interpersonal skills, and excellent relationship building skills.
Strong analytical skills and ability to make sound judgments especially in the absence of absolute clarity in the legal and regulatory environment.
Near-native written and spoken fluency in English, both written and verbal.
Mandarin and or Cantonese skills will be highly regarded.
Working relationships and experience with local regulators will be highly regarded.